Beiersdorf share price rises as FY2024 sales increase 6.5 percent
Beiersdorf has announced its results for fiscal 2024. The group reported sales of €9.9 billion – an all-time high – up 6.5 percent on the prior year in organic terms. The manufacturer of Nivea said that its Consumer unit was the main sales driver with €8.2 billion in sales, a rise of 7.5 percent yoy. The post Beiersdorf share price rises as FY2024 sales increase 6.5 percent appeared first on Global Cosmetics News.
THE WHAT? Beiersdorf has announced its results for fiscal 2024. The group reported sales of €9.9 billion – an all-time high – up 6.5 percent on the prior year in organic terms. The manufacturer of Nivea said that its Consumer unit was the main sales driver with €8.2 billion in sales, a rise of 7.5 percent yoy.
THE DETAILS EBIT increased to €1.4 billion, despite significant brand investments, improving margin to 13.9 percent.
The company extended CEO, Vincent Warnery’s contract until the end of 2030 and said it expects to achieve above-market sales growth in 2025, forecasting organic sales growth in the range of 4 to 6 percent for the Consumer business segment.
THE WHY? Vincent Warnery, CEO of Beiersdorf, explains, “For the second consecutive year, Beiersdorf is the best performing skin care company globally. We continued our exceptional development of the past years in 2024 and achieved another sales record even in a challenging market environment.
“Our strong 2024 results are another milestone for us on our way to becoming the best skin care company in the world. Beiersdorf is fully on track to generate further growth together with our exceptional international teams. We are focusing on our strong brands, delivering breakthrough innovations and expanding into new markets, categories, and channels. With the Group guidance for 2025, we believe we will outperform the market again this year.”
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